ProShares On-Demand ETF (NYSEARCA:OND) Shares Shorted: Short Interest Up 84.0% in September

ProShares On-Demand ETF (NYSEARCA:OND) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 195 shares, a growth of 84.0% from the September 15th total of 106 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 239 shares, the days-to-cover ratio is currently 0.8 days.

ProShares On-Demand ETF Price Performance

Shares of ProShares On-Demand ETF stock opened at $33.32 on Thursday. The stock’s fifty day moving average is $34.19 and its 200-day moving average is $34.47. The firm has a market capitalization of $2.67 million, a PE ratio of 36.24 and a beta of 1.22. ProShares On-Demand ETF has a 12-month low of $32.32 and a 12-month high of $47.28.

ProShares On-Demand ETF Company Profile

The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.